Fulton Financial Co. (NASDAQ:FULT) Shares Purchased by Headlands Technologies LLC

Headlands Technologies LLC boosted its position in shares of Fulton Financial Co. (NASDAQ:FULT - Free Report) by 223.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 32,702 shares of the bank's stock after buying an additional 22,598 shares during the period. Headlands Technologies LLC's holdings in Fulton Financial were worth $630,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in FULT. Cerity Partners LLC lifted its holdings in Fulton Financial by 28.0% in the 3rd quarter. Cerity Partners LLC now owns 49,399 shares of the bank's stock valued at $896,000 after purchasing an additional 10,820 shares in the last quarter. Quantbot Technologies LP purchased a new stake in shares of Fulton Financial in the third quarter valued at approximately $426,000. BNP Paribas Financial Markets increased its holdings in shares of Fulton Financial by 145.7% in the third quarter. BNP Paribas Financial Markets now owns 89,378 shares of the bank's stock valued at $1,620,000 after purchasing an additional 52,997 shares during the last quarter. Glenmede Trust Co. NA lifted its position in Fulton Financial by 18.8% during the third quarter. Glenmede Trust Co. NA now owns 15,113 shares of the bank's stock worth $274,000 after buying an additional 2,387 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Fulton Financial by 6.1% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 38,297 shares of the bank's stock worth $694,000 after buying an additional 2,211 shares in the last quarter. Hedge funds and other institutional investors own 72.02% of the company's stock.

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Wall Street Analysts Forecast Growth

FULT has been the topic of several analyst reports. Stephens upgraded Fulton Financial from an "equal weight" rating to an "overweight" rating in a report on Monday, December 9th. DA Davidson increased their price target on Fulton Financial from $21.00 to $22.00 and gave the stock a "neutral" rating in a report on Friday, January 24th. Keefe, Bruyette & Woods upped their target price on shares of Fulton Financial from $23.00 to $24.00 and gave the company a "market perform" rating in a research report on Thursday, January 23rd. Hovde Group boosted their price target on shares of Fulton Financial from $22.00 to $22.50 and gave the company a "market perform" rating in a research note on Monday, January 27th. Finally, StockNews.com raised shares of Fulton Financial from a "sell" rating to a "hold" rating in a research report on Thursday, January 23rd. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $20.64.

Insider Buying and Selling at Fulton Financial

In related news, President Angela M. Snyder sold 13,322 shares of the business's stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $20.69, for a total value of $275,632.18. Following the transaction, the president now owns 63,682 shares in the company, valued at $1,317,580.58. The trade was a 17.30 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 1.07% of the stock is currently owned by company insiders.

Fulton Financial Stock Performance

Shares of FULT traded up $0.30 during midday trading on Monday, reaching $15.43. 863,076 shares of the stock were exchanged, compared to its average volume of 1,504,433. The company has a market capitalization of $2.81 billion, a price-to-earnings ratio of 9.73 and a beta of 0.68. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.90 and a quick ratio of 0.90. Fulton Financial Co. has a twelve month low of $13.87 and a twelve month high of $22.49. The business's 50-day moving average price is $19.13 and its 200 day moving average price is $19.41.

Fulton Financial (NASDAQ:FULT - Get Free Report) last issued its quarterly earnings data on Tuesday, January 21st. The bank reported $0.48 earnings per share for the quarter, beating analysts' consensus estimates of $0.42 by $0.06. Fulton Financial had a return on equity of 11.41% and a net margin of 15.87%. During the same period in the previous year, the company earned $0.42 earnings per share. On average, sell-side analysts expect that Fulton Financial Co. will post 1.91 EPS for the current fiscal year.

Fulton Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 1st will be given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 4.67%. The ex-dividend date of this dividend is Tuesday, April 1st. Fulton Financial's payout ratio is currently 45.86%.

Fulton Financial Company Profile

Fulton Financial Corporation operates as a financial holding company that provides consumer and commercial banking products and services in Pennsylvania, Delaware, Maryland, New Jersey, and Virginia. It accepts various checking accounts and savings deposit products, certificates of deposit, and individual retirement accounts.